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Fed keeps key interest rate level - for now

The Fed, meanwhile, has forecast 1.8 per cent growth in 2016 and two per cent over the next two years. The BOJ made an abrupt shift on Wednesday to targeting yields on government bonds to achieve its elusive inflation target after years of massive money printing failed to jolt the economy out of decades-long stagnation.

Business

Pipeline ready to reopen, carrying gasoline to 5 states

In South Carolina, a gallon was selling for an average of $2.04. "Tennessee has seen an increase of 13 cents, SC 13 cents and North Carolina 11 cents as well". At $2.361 per gallon of regular gasoline, the cost of fuel has risen by more than 25 cents in a week, compared with an increase of just over 3 cents nationwide, according to motorist advocacy group AAA.

Business

Syria regime announces new Aleppo offensive as truce collapses

Kerry said that attack was "exactly the kind of regime action that has done so much damage to this process and to the credibility of the concept of restraint or ceasefire". Russian Federation has denied responsibility, while raising a range of ulterior scenarios for how the caravan might have been struck. " Absent a major gesture like this, we don't believe there is a point to making more promises or issuing more plans or announcing something that can't be reached ", Kerry said.

Business

Heavy rain swamps portions of several Midwestern states

Neighbor Logan DeWitz says the calves had to swim like dogs. A train has derailed in southwestern Wisconsin after rain washed out tracks along the Mississippi River. DES MOINES, Iowa (AP) - Authorities in several Iowa cities were mobilizing resources Friday to handle flooding from a rain-swollen river that has forced evacuations in several communities upstream, while a Wisconsin town was recovering from storms now blamed for two deaths.

Business

More Iowa cities mobilizing for flooding along Cedar River

That's 12 feet above flood stage and second only to the record 31.12-foot crest eight years ago. Rick Erickson, Vinton Street Superintendent, said piles of sand and sandbags will be available at the former Dell Hanson property for citizens who need to protect their property.

Business

Apple Replacing iPhone 7, 7 Plus With Faulty A10 Processor?

While Apple may consider recalling some of the Apple iPhone 7 devices, finding a replacement for the unit will be tough since the supply of the handsets is awfully tight, writes The Bitbag . 'It seems to get worse if the iPhone is under load . In Hackett's case, it offered to replace his phone. The phrase "coil whine" also popped up in several places as a possible cause, which relates to how electronics regulate their power supply.

Business

United States lifts Myanmar trade sanctions

From the Oval Office, Obama on Wednesday characterized the changes in Myanmar as a "remarkable social and political transformation" and stressed that the United States is "prepared" to lift the sanctions. A senior administration official said the removal of sanctions would not apply to military-to-military assistance. Instead, she serves as the country's de facto leader by holding the positions of foreign minister and state counsellor.

Business

Recent analysts Ratings: AK Steel Holding Corporation (NYSE:AKS)

The daily volume of the stock is 10,255,106. AK Steel Holding Corporation (NYSE: AKS ) reported its last earnings on Oct 25 BMO (BMO = before market open, AMC= after market close). In a different note, Rosenblatt said it Initiates Coverage on AK Steel Holding Corporation, according to a research note issued on Aug 22, 2016. These ratios are important while doing valuation of the company or the shares of the company.

Business

Attack on state senator leads to arrest of murder suspects

Authorities tracked down Harris' four attackers based on the descriptions the senator gave them, as well as the evidence linked to the death in Georgia. He told police exactly where they were heading - a lumber yard in South Holland - where the attackers abandoned the auto and took off. He let police know where the truck was going.

Business

Think twice before you get the iPhone 7

By leaving the internet to debate what is going on, Apple risks generating more bad publicity. It's been one week since the iPhone 7 was released and it's clear that while the iPhone 7 is a good upgrade, it's a not necessarily a great upgrade.

Business

Finish Line shares up 1.9% premarket as company tops sales estimates

The business had revenue of $509.40 million for the quarter, compared to the consensus estimate of $494.39 million. The Finish Line had a net margin of 0.93% and a return on equity of 9.21%. The company has a current market capitalization of $977 M and it has 4,14,46,279 shares in outstanding. The company now has an average rating of Buy and an average target price of $22.37.

Business

Stocks gain moderately, led by high-dividend sectors

On Wall Street, the S&P 500 Index gained 0.65 per cent, led by a 1.9-per cent gain for the real estate sector. Meanwhile, Societe Generale said: "The outcome of the September FOMC meeting was in line with our expectations, as the Committee reintroduced the balance of risks statement, removed a rate hike this year and in 2017, and cut the longer-run nominal neutral funds rate".

Business

Dec Fed rate hike will not effect fund flows into India: BofAML

Gold has rallied 26 percent this year, aided by the low interest-rate environment in the USA and negative rates in Japan and parts of Europe. The official exchange rate of Azerbaijan's national currency , the manat, against the United States dollar was set at 1.6331 for September 22, said Azerbaijan's Central Bank (CBA) on September 21.

Business

Analyst Today Rating: United Technologies Corporation (NYSE:UTX)

The stock price target chart showed average price target of 74.33 as compared to current price of 64.02. In terms of margins, United Technologies Corporation has a gross margin of 27.70%, with its operating margin at 12.40%, and United Technologies Corporation has a profit margin of 12.80%.

Business

Fedex Corporation (NYSE:FDX) Issued With 'Outperform' Rating At Oppenheimer

Part of the data in this report is derived from Zacks Research and FactSet. -Reports-Higher-Quarter-Earnings">Businesswire.com with their article: " FedEx Corp . Financial Architects Inc increased its stake in FedEx Corp .by 56.2% in the second quarter. Ameriprise Financial Inc. now owns 2,989,163 shares of the shipping service provider's stock worth $453,713,000 after buying an additional 9,606 shares during the period.

Business

Are you a Yahoo user? Hackers may be controlling your accounts

Who could be responsible for these actions? Three US intelligence officials declined to be identified by name and said that they believed the attack was state-sponsored because of its resemblance to previous hacks traced to Russian intelligence agencies or hackers acting at their direction.

Business

Nasdaq hits record high after Fed leaves rates unchanged

The group is made up largely of real estate investment trusts, which enjoy certain tax benefits by paying out much of their income as dividends. The 10-year US Treasuries yield dropped to as low as 1.608 per cent, down sharply from Wednesday's high of 1.738 per cent and hitting its lowest level in nearly two weeks.

Business

Donald Trump steps deeper into US race debate

Trump vowed "to stop the drugs from flowing into our county and poisoning our youth and many other people". Meanwhile, Trump faces new scrutiny for his comments about racial tensions. "I think it's resonating because you see what's happening with my poll numbers with African Americans", Trump said . Clinton just shook her head, smiling.

Business

Democratic Senators Ask for Labor Department Probe of Wells Fargo

While Wells Fargo is likely to accrue additional fines above the funds owed to their customers, Goldman said the impact appears "manageable". The new comes days after a video of Warren tearing into Stumpf at a Senate Banking Committee hearing rocketed around the Internet.

Business

Pakistan air force closes highway for "routine" drill amid India tension

In a TV interview Maleeha Lodhi said she was present at the meeting between Prime Minister Nawaz Sharif and the UN secretary general on the sidelines of the 71st UN General Assembly session. "Four of the five members of the Security Council have also spoken and their statements are also available for everyone to see", the MEA spokesperson added.

Business

Boeing Can Now Sell Aircraft to Iran

Airbus expects the United States to authorise of the other jets later this year. Iran has said it needs 400 planes to rebuild its commercial aircraft fleet after years of isolation, Reuters added. A proposed multibillion deal between Boeing and Tehran would allow Iran Air to buy 80 passenger jets from the American aerospace giant as well as receive Boeing's help in leasing 29 new Boeing 737s.

Business

Dollar set for weekly loss as markets cool before BOJ, Fed

Fears that the era of super-charged central bank stimulus could soon end have sent tremors through global bond and stock markets, but the spike higher in borrowing costs may yet offer the financial system a crumb of comfort: steeper yield curves .

Business

Jose Mourinho's nickname for Manchester United captain Wayne Rooney revealed

He has been typically outspoken in railing against refereeing decisions, those he described as "Einsteins" in the media, and against even his own players on occasion over the past two weeks. However Rooney's reluctance to hand in a transfer request or publically declare his desire to leave meant the move broke down and Mourinho was made to wait another three years to finally coach the forward.

Business

Verdict expected in huge damages granted to French bank

The ruling means the French government could reclaim a €2.2 billion tax break Societe Generale had enjoyed. The initial amount of damages, which were equivalent to the total losses reported by the bank in the fraud, was so huge that Kerviel wouldn't have been able to pay them anyway.

Business

Nasdaq hits record as Fed keeps rates low

Pointing to the "roughly balanced" phrasing, she said, "this statement basically increased the chances of a December rate hike". MSCI's all-country world stock index was up 1.1 per cent, while Europe's STOXX 600 closed up 0.4 per cent, helped by euro zone banking shares.

Business

Saudi oil output dips in August

Iran also told OPEC it produced 3.63 million bpd in August, according to an OPEC source. "The 4 million bpd production level is not very far from our hands". "We can't allow each country to use a different method", the source said. Chris Weafer, a senior partner at economic and political analysis firm Macro-Advisory, wrote in an e-mailed note to investors on September 8 that the issue of possible cooperation between Russian Federation and Saudi Arabia and Iran to cap oil production has ...

Business

Global stocks jump as Fed soothes nerves while bond prices go up

What is weighing on the dollar, worldwide and against the shekel, were the contradictory messages received from the Fed meeting. In the bond market, benchmark USA yields hit near two-week lows on revived bets the Fed would raise interest rates slowly due to weak economic growth and inflation stuck below its two per cent goal.

Business

Wall St extends Fed-fueled rally; Nasdaq hits new high

United Kingdom markets were also buoyed by the latest CBI Industrial Trends Survey, which showed manufacturing output holding firm in the three months to September. Growing support seen in the hawkish block of the Fed suggested that momentum for a hike is building. That includes an overabundance of workers who are employed part-time but need full-time jobs.

Business

NASDAQ Reaches New Record High After Fed's Decision

Mining shares were the top-performing FTSE stocks, led by Glencore which finished up 5.5 percent as the Fed's decision pushed down the U.S dollar, making commodities cheaper for holders of other currencies. Oil prices rose about 1.8% as the dollar fell and US crude inventories recorded a surprise drop. Meanwhile, crude oil prices (as well as metal prices) rose on the back of a weaker USA dollar.

Business

Co-operative group profits hurt by price cuts and wages

Revenue increased 2.2 percent to 4.7 billion pounds ($6.12 billion), as customer transactions grew by 3.3 percent. The group, which has 322 food stores and 97 funeral homes across the county employing nearly 7,000 people, plans to open up to 15 new shops, and refit 10.

Business

Sarepta Wins Controversial FDA Approval for First DMD Drug

The new drug targets a genetic mutation that affects about 13 percent of Duchenne's patients. "Based on the data submitted by the applicant, the Agency has concluded that there is a statistically significant increase in dystrophin production in indicated patients who are exposed to the drug that meets this requirement", FDA said Monday.

Business

Verizon learned about Yahoo data breach 2 days ago

Although it's still unclear how the hack was pulled off, the stolen data includes names, email addresses, telephone numbers and hashed passwords. Somebody familiar with the matter told Reuters that the August report turned out to be false, though Yahoo's investigation did in fact uncover the separate 2014 theft.

Business

Canada's Annual Inflation Slowed in August

Expectations were for a 1.4% increase in headline inflation, according to economists at. In July, the decline was 14 per cent compared to the same month a year earlier. Analysts in a Reuters poll had predicted sales would increase by 0.1 percent. After removing price changes, it found sales were up 0.3 per cent. Core retail sales, excluding automobiles, also fell by a seasonally adjusted 0.1 percent, against market expectations of 0.5 percent rise after a 0.6 percent drop the preceding month ...

Business

Galena Biopharma, Inc.'s (GALE): Stock's Traders Recap

Now shares have been rated as "Buy" from 11 Analysts. 08/10/2015 - Galena Biopharma, Inc. had its "buy" rating reiterated by analysts at MLV & Co. The company stock was downgraded to Mkt Perform from Outperform, wrote analysts at Raymond James, in a research note issued to clients on Wednesday June 29, 2016.

Business

Can Smokeless Cigarettes Light Up Philip Morris?

Goldman Sachs Group Inc. reiterated a "neutral" rating and issued a $105.00 price objective (up from $99.00) on shares of Philip Morris International in a research report on Friday, July 15th. The company earned $6.65 billion during the quarter, compared to analyst estimates of $6.77 billion. Philip Morris International has done well in providing strong returns for shareholders even in the face of currency challenges.


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